Wynn Elaine P Reported decreased Wynn Resorts Ltd’s Stake

April 17, 2018 - By Lynda A. Deweese

Wynn Resorts, Limited (NASDAQ:WYNN) LogoInvestors sentiment increased to 1.23 in 2017 Q4. Its up 0.11, from 1.12 in 2017Q3. It is positive, as 37 investors sold Wynn Resorts, Limited shares while 149 reduced holdings. 75 funds opened positions while 153 raised stakes. 71.04 million shares or 2.78% less from 73.07 million shares in 2017Q3 were reported.

First Quadrant Limited Partnership Ca stated it has 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN). Peoples Fincl Corporation owns 66 shares. Barclays Pcl has 155,365 shares. Pinnacle Associates has 7,775 shares. Sumitomo Mitsui Trust Hldg accumulated 242,885 shares. Archon Prtnrs Ltd reported 10,000 shares or 0.37% of all its holdings. Boothbay Fund Mngmt Ltd Com holds 3,358 shares. Kj Harrison Inc has invested 0.17% in Wynn Resorts, Limited (NASDAQ:WYNN). Moore Cap Management Limited Partnership holds 50,000 shares or 0.15% of its portfolio. Liberty Mutual Gp Asset Inc has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN). California State Teachers Retirement Systems holds 0.05% or 133,998 shares. Putnam Invs Ltd Com owns 100,816 shares for 0.04% of their portfolio. Envestnet Asset Management accumulated 41,104 shares or 0.02% of the stock. Moreover, Harber Asset Limited Liability Com has 1.22% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Rafferty Asset Mgmt Ltd Limited Liability Company reported 0.03% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN).

Since March 21, 2018, it had 0 insider purchases, and 2 insider sales for $2.14 billion activity.

Wynn Elaine P Reported reduced Stake in Wynn Resorts Ltd

Wynn Elaine P filed with SEC a SC 13D/A form for Wynn Resorts Ltd. It can be found at: 000090514818000441. As reported by Wynn Elaine P, the filler decreased its stake in the stock by -105.63 % for 9,539,077 shares. Wynn Elaine P currently owns 9.25% of the Consumer Discretionary- stock. Date of activity: April 17, 2018.

Wynn Resorts Ltd Institutional Sentiment

Filings show 387 investors own Wynn Resorts Ltd. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 2117431. 73071592 were owned by these investors. 64 funds opened new Wynn Resorts Ltd stakes, 138 increased positions. There were 33 that closed positions and 148 reduced them.

8 investors had the stock in their top 10. Some are: Usa Financial Portformulas Corp, Morgens Waterfall Vintiadis & Co Inc, Northern Cross Llc, Barr E S & Co, Bridgecreek Investment Management Llc, Hitchwood Capital Management Lp, Platinum Investment Management Ltd, Southeastern Asset Management Inc Tn, Argent Capital Management Llc, Columbus Circle Investors..

Mason Hawkins Southeastern Asset Management Inc is an investor bullish on Wynn Resorts Ltd, owning 5117262 shares as of Q3 2017 for 9.16% of its portfolio. Steve Cohen Point72 Asia Hong Kong Ltd owns 105331 shares or 11.12% of its portfolio. KY Barr E S & Co have 3.78% of its portfolio for 238302 shares. Further, Bridgecreek Investment Management Llc reported stake worth 3.09% of its portfolio. The MA Northern Cross Llc owns 7646195 shares. Wynn Resorts Ltd is 14.66% of its portfolio.

SEC Form 13D.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on April, 24. They expect $1.85 earnings per share, up 49.19 % or $0.61 from last year’s $1.24 per share. WYNN’s profit will be $200.64M for 25.76 P/E if the $1.85 EPS becomes a reality. After $1.40 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts 32.14 % EPS growth.

The stock increased 1.03% or $1.95 during the last trading session, reaching $190.65. About 1.87 million shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 55.02% since April 18, 2017 and is uptrending. It has outperformed by 43.47% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $20.68 billion. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling. It has a 26.19 P/E ratio. The Company’s Wynn Palace segment had approximately 420,000 square feet of casino space that offers 323 table games and 1,115 slot machines, private gaming salons, and sky casinos; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 11 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 17 analysts covering Wynn Resorts (NASDAQ:WYNN), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Wynn Resorts has $228.0 highest and $153 lowest target. $195.08’s average target is 2.32% above currents $190.65 stock price. Wynn Resorts had 35 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, October 27. JP Morgan maintained the shares of WYNN in report on Tuesday, March 27 with “Overweight” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, February 9. The rating was upgraded by Susquehanna to “Positive” on Thursday, February 8. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, February 7 by CFRA. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Wednesday, February 7 by Nomura. The firm earned “Hold” rating on Friday, October 27 by Telsey Advisory. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, February 7. The firm earned “Hold” rating on Wednesday, February 7 by Roth Capital. The firm earned “Buy” rating on Monday, January 29 by Jefferies.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Positions Chart

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